BP Puts Its North Sea Oil Business Up for Sale
BP on Friday launched a process to market its North Sea business as the UK-based supermajor looks to simplify its portfolio and invest in […]
Caspian Oil Pipeline Shuts Down Again After Black Sea Drone Attack
The Caspian Pipeline Consortium has shut down again, following Ukrainian drone attacks on two tankers at the Russian Black Sea port of […]
Glencore Sees $3.3 Billion Trading Profit as Iran War Rattles Oil Markets
Commodity producing and trading giant Glencore expects to post a profit of $3.3 billion in its marketing division for the first half […]
Shell Reports $9.8 Billion in Adjusted Earnings as Energy Prices Surge
Shell (SHEL:NYSE) more than doubled its second-quarter earnings from a year earlier, as higher oil and gas prices, record refinery utilization, and […]
Saudi Aramco Shuts 400,000-Bpd Refinery After Houthi Strike.
Saudi Aramco shut its 400,000-barrel-per-day Jazan refinery on July 27 after a Houthi attack damaged the facility, according to an IIR note […]
ADNOC Defies Hormuz Risks as UAE LNG Exports Continue.
The UAE is still exporting liquefied natural gas, despite the threat of strikes in the Strait of Hormuz. According to a Bloomberg […]
Oil rises as US-Iran tension escalates after Iraq strikes and missile attack on Jordan
Oil prices rose more than US$3 a barrel on Wednesday after joint strikes in Iraq by the US and Saudi Arabia, and […]
Africa’s biggest gold producer empowers new Gold Board with $430 million to lock in domestic bullion reserves
The funding, approved by Parliament, transfers responsibility for financing the government’s domestic gold purchase programme from the Bank of Ghana to the […]
Japan Backs Overseas Oil Pipelines to Reduce Hormuz Dependence
Japan is planning to join the rush to diversify oil export routes away from the Strait of Hormuz by investing in pipeline […]
Burkina Faso records over $6 billion worth of gold through official channels in six months.
The update was disclosed during the mid-year evaluation of Energy, Mines and Quarries Minister Yacouba Zabré Gouba’s 2026 performance contract, where the […]
Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia
The Houthi threats to shipping in the Red Sea and its chokepoint, the Bab el-Mandeb Strait, have forced at least one oil […]
China’s industrial profits rise 18.7% in H1
Profits at China’s major industrial firms posted solid growth in the first half of 2026, buoyed by surging earnings in electronics-related industries […]